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Assuming that KXS's market share will increase by 0.21% per year, you determine that the plant will require an expansion in 2020. The expansion
Assuming that KXS's market share will increase by 0.21% per year, you determine that the plant will require an expansion in 2020. The expansion will cost 20.5 million. Assume the following: the financing of the expansion will be delayed accordingly (end of 2020), KXS uses a ten-year bond, interest rates remain the same, and KXS's tax rate is 35%. Using the accompanying table of projected values, calculate KXS's additional annual working capital requirements through 2023. Click the icon to view the table of projected values through 2023. The additional annual working capital requirements for 2019 will be $ 2.905 thousand. (Round to the nearest integer.) Table of Projected Values Projected values $(000) Accounts Receivable Inventory Cash Accounts Payable 2018 14,250 14,902 11,971 11,959 Print 2019 15,631 16,470 13,149 13,181 2020 17,155 18,067 14,486 14,459 Done 2021 18,889 19,855 15,814 15,855 2022 20,624 21,721 17,370 17,458 2023 23,483 23,700 19,069 19,392 X
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